June 03
Nigeria: Currency Outside Banks Now 92 Percent of CIC, Up 73.4 Percent Yoy
Currency in circulation has improved from 94 per cent recorded in March 2024 by 2 per cent compared with the latest figures of April revealing that the amount of currency held… Read more »
Nigeria: Stakeholders to Discuss Digital Economy At Digital Payexpo
Stakeholders in the payment industry are set to discuss the digital economy at the 24th edition of the annual Digital PayExpo conference and exhibition, which holds in Lagos. Read more »
Nigeria: Greenwich Merchant Bank Gets CBN Nod to Become a Holding Company
Greenwich Merchant Bank, a prominent provider of high-end financial services in Nigeria, has secured Approval-in-Principle (AIP) from the Central Bank of Nigeria (CBN) to… Read more »
Nigeria: Stock Market Gained N619.45bn in May As Analysts Predict Positive Sentiment
Nigerian stock ended the month of May 2024 with a surprise gain of N619.45 billion as investors were divesting to the fixed income market in a move to hedge their investment… Read more »
Nigeria: Washing Dishes in Constrained Space
The national minimum wage negotiation talks that broke down on Friday remind me of the social media story about the Professor of Physics who did not come to school one day. When… Read more »
Nigeria: Pfas Invest N300bn in Dangote Refinery, N127bn in Sukuku, Eyes Dollar Instruments
Pension Fund Administrators (PFAs) in the country have said that they invested heavily in Dangote Refinery through the N300 billion bill bonds issued by Dangote industries in 2022… Read more »
Nigeria: Nigerian Breweries Completes Acquisition of Distell Nigeria
Nigerian Breweries Plc, has completed the acquisition of a majority stake in Distell Wines and Spirits Nigeria Limited, a statement issued by the company at the weekend has stated. Read more »
Nigeria: Investors in Fidelity Bank Stock Earns 507 Percent Gain in Five-Years
Kayode Tokede Read more »
Nigeria: Promo - Wema Reiterates Commitment to Customers, Disburses N90m
Wema Bank has rounded off its 5 for 5 season 3 promo with over N90 million disbursed to Nigerians across the country, topping the cumulative N63.3 million from Season 1 and 2, and… Read more »
Nigeria: Minimum Wage and the Strike Option
Barring any last-minute change of position, workers in the country will from this morning commence an industrial action to protest what the Nigeria Labour Congress (NLC) and the… Read more »
Nigeria: Nationwide Blackout As Labour Union Shuts Down Electricity Grid
Nigeria was on Monday morning thrown into darkness after organised labour shut down the national electricity grid, making good their threat to embark on a national strike. Read more »
Nigeria: Nigeria Has Paid 98% of Airlines' Trapped Funds, IATA Confirms
The International Air Transport Association (IATA) has reported that Nigeria has paid 98 per cent of airlines trapped funds in the country and called for the final clearance of the… Read more »
Nigeria: Nigeria Reaffirms Commitment As Opec Extends Oil Output Cuts Into 2025
The Organisation of Petroleum Exporting Countries (OPEC) and its allies yesterday agreed to extend most of its deep oil output cuts into 2025, exceeding market expectations. Read more »
June 02
Nigeria: Dana Air CEO Meets Keyamo, Hints On Fresh Investment
Nigeria's major carrier, Dana Air has announced a significant step forward in its journey towards a vibrant resurgence in the aviation sector. Read more »
Nigeria: National Assembly Leadership Meets Labour, Govt Reps
The leadership of the National Assembly is currently holding a closed-door meeting with the executives of the Nigeria Labour Congress, the Trade Union Congress and the… Read more »
Nigeria: Tinubu Inaugurates Three Ships, Two Helicopters to Boost Navy's Fight Against Oil Theft
President Bola Tinubu has inaugurates three ships and two helicopters at the Naval Dockyard, Victoria Island, Lagos, to boost the fight against crude oil theft and other insecurity… Read more »
Nigeria: Nationwide Industrial Action Will Spell Doom for Nigeria, Govt Warns
As the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) mobilise their members for the nationwide industrial action that will commence tomorrow, the federal… Read more »
Nigeria: Those Benefitting From Massive Fuel Imports Discouraging Construction of Refineries - Dangote
Africa's richest person and Chairman of the 650, 000 bpd Dangote Refinery near Lekki, Lagos state, Aliko Dangote, has argued that in the last 35 years African governments had not… Read more »
May 31
Nigeria: Touting At Airports Impacting Negatively On Nigeria's Image Globally, Constituting Insider Threat - Experts
Aviation security experts have called for a joint task force made up of security operatives to fight headlong, the illicit activities of touts at the nation's international… Read more »
May 30
Nigeria: Many Trapped As Four-Storey Building Collapses Near Oba of Lagos Palace
A four-storey building has collapsed trapping several people adjacent to the Palace of the Oba of Lagos at Lagos Island, the state government has confirmed. Read more »
Africa: Africa Must Utilize Investment Opportunities in Nigeria's Blue Economy - Tinubu
President Bola Tinubu has extended letters of invitation to countries worldwide, especially those on the African continent, to take advantage of the investment opportunities that… Read more »
Nigeria: NNPC, Exxonmobil Agree On $1.28bn Divestment As Deal Nears Completion
Finally, the Nigerian National Petroleum Company Limited (NNPC) and ExxonMobil Thursday agreed on a settlement deal for the planned $1.28 billion assets' divestment deal by the oil… Read more »
Nigeria: Waste to Wealth - the Rise of Nigeria's Recycling Economy
Mountains of plastic waste that once represented environmental degradation across several states in Nigeria are slowly but surely turning into a vibrant ecosystem - one that… Read more »
Nigeria: Indonesia Wants Revival of Suspended Oil, Gas MOU With Nigeria
The Republic of Indonesia has expressed its desire to foster the existing collaboration with Nigeria on the development of the nation's oil and gas sector, urging the country to… Read more »
Nigeria: Moniepoint, Etranzact, Flutterwave Recorded $144 Billion in Mobile Money Transactions in 2022 - Report
Mobile Money Operators including Moniepoint, eTranzact, Flutterwave recorded a total of $144 billion in transactions in 2022, according to a report by Techcabal Insights. Read more »